Can I retire at age 61 with 568,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $568,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.5%
1 years$46,905$46,487$46,079$45,682$45,293$43,565
2 years$23,220$22,788$22,369$21,962$21,568$19,847
3 years$15,326$14,892$14,474$14,071$13,684$12,024
4 years$11,380$10,947$10,533$10,138$9,759$8,174
5 years$9,013$8,583$8,174$7,787$7,419$5,912
6 years$7,436$7,008$6,606$6,227$5,870$4,443
7 years$6,309$5,886$5,490$5,120$4,774$3,426
8 years$5,465$5,045$4,656$4,295$3,961$2,690
9 years$4,808$4,393$4,010$3,658$3,335$2,140
10 years$4,284$3,872$3,496$3,153$2,842$1,720
11 years$3,855$3,447$3,078$2,744$2,444$1,393
12 years$3,497$3,094$2,731$2,407$2,118$1,136
13 years$3,195$2,796$2,440$2,125$1,847$930
14 years$2,936$2,541$2,193$1,887$1,619$765
15 years$2,712$2,322$1,980$1,682$1,426$631
16 years$2,516$2,130$1,795$1,506$1,260$521
17 years$2,344$1,962$1,633$1,354$1,117$432
18 years$2,191$1,813$1,491$1,220$993$359
19 years$2,054$1,680$1,365$1,102$885$298
20 years$1,930$1,561$1,253$998$791$248
21 years$1,819$1,454$1,152$906$708$206
22 years$1,718$1,357$1,062$824$634$172
23 years$1,626$1,270$981$750$569$144
24 years$1,542$1,189$907$684$512$120
25 years$1,464$1,116$840$625$461$100
26 years$1,393$1,049$779$571$415$84
27 years$1,327$987$723$523$374$70
28 years$1,266$930$672$479$337$58
29 years$1,209$878$626$439$305$49
30 years$1,156$829$583$403$275$41
31 years$1,107$784$543$370$249$34
32 years$1,061$741$507$340$225$29
33 years$1,017$702$473$313$204$24
34 years$976$665$442$288$185$20
35 years$938$631$414$265$167$17
36 years$902$599$387$244$151$14
37 years$868$569$362$225$137$12
38 years$836$541$339$207$124$10
39 years$805$514$318$191$113$8
40 years$777$489$298$176$102$7
41 years$749$466$279$163$93$6
42 years$723$443$262$150$84$5
43 years$698$423$246$139$76$4
44 years$675$403$231$128$69$3
45 years$652$384$217$118$63$3
46 years$631$366$203$109$57$2
47 years$611$350$191$101$52$2
48 years$591$334$180$93$47$2
49 years$572$319$169$86$43$1
50 years$555$304$159$80$39$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 61 starting with $568,000, adding $4,892 every year, while hoping to spend $45,255 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 35/43/22 Blend
60$568,000$568,000$568,000$568,000
61$630,982$600,878$592,074$648,704
62$647,191$582,170$563,758$643,491
63$663,537$561,029$532,976$633,358
64$679,986$537,287$499,598$621,504
65$696,498$510,768$463,489$607,804
66$713,030$481,285$424,505$592,125
67$729,531$448,640$382,498$574,323
68$745,945$412,624$337,313$554,248
69$762,205$373,017$288,787$531,738
70$778,239$329,584$236,750$506,621
71$793,966$282,080$181,027$478,713
72$809,291$230,242$121,432$447,820
73$824,110$173,796$57,772$413,733
74$838,309$112,451$0$376,231
75$851,754$45,899$0$337,463
76$864,301$0$0$309,417
77$875,787$0$0$290,691
78$886,029$0$0$293,157
79$894,824$0$0$295,019
80$901,947$0$0$296,188
81$907,145$0$0$296,565
82$910,140$0$0$296,040
83$910,619$0$0$294,492
84$908,238$0$0$291,787
85$902,614$0$0$287,774
86$893,321$0$0$282,288
87$879,887$0$0$275,145
88$861,789$0$0$266,142
89$838,448$0$0$255,053
90$809,222$0$0$241,627
91$773,401$0$0$225,591
92$730,197$0$0$206,637
93$678,741$0$0$184,427
94$618,069$0$0$158,589
95$547,116$0$0$128,709
96$464,706$0$0$94,331
97$369,536$0$0$54,949
98$260,168$0$0$10,007
99$135,011$0$0$0
100$0$0$0$0